Its pretty much what you'ld expect in this price range. Electronics were complete crap. I even had a bad solder connection on the wire that went from the volume control to the output jack. It would cut in and out. The pickups were terrible. (Then again, I'm spoiled by Duncans.) But none of that mattered to me. I knew I was going to replace all that.
The only real issue with the guitar itself is it needs a fret dressing real bad. I told someone else in another thread that it wasn't a problem, but I've just noticed a slight irritation on my index finger where it hits the edge of a fret during barre chords. Other than that, its fine. The tuners are the smoothest of any guitar I have.
Along with the Duncans in my sig, I did CTS pots, orange drop cap, Fender 3-way, and a switchcraft jack. The tone pot isn't a CTS just yet, but it will be soon. I didn't have a CTS push/pull in my parts bin.
I'd say it was a perfectly fine guitar,
if you plan on replacing the electronics.
Artie
Sidenote: Check out the wax on the humbucker. I could put up jelly jars with that.